The Real Deal New York

Tenant advocates oppose $1 sale of Fort Greene site

Jonathan Rose is planning to build a 12-story residential building at the site

February 13, 2015 09:10AM

15-lafayette-project

From left: Renderings of 15 Lafayette Avenue in Fort Greene (credit: Jonathan Rose Companies) and Jonathan Rose

Housing advocates are rallying against the sale of 15 Lafayette Avenue to Jonathan Rose Companies for $1.

Jonathan Rose is looking to build a 12-story building on the 120,000-square-foot Fort Greene development site, according to the New York Observer. Under the current agreement with the Department of Housing Preservation and Development Rose would own the BAM North Site II parking lot and make 40 percent of his proposed 123 units affordable for at least three decades.

Negotiations for the deal first started in 2013, under Michael Bloomberg’s administration. Mayor Bill de Blasio has said he plans to move forward with the agreement, according to the newspaper.

During the rally, community organizer Elizabeth Owens said “I have $1 right here to buy a building. Let the mayor know.”

Marcus Moore, a member of Picture the Homeless, an organization located in the Bronx, said that he would prefer to see the land go to a non-profit. “We know what to do with that land. We could put a dent in this homelessness right now,” he added, according to the Observer. “We know what’s going to happen once he gives away this land to for-profit developers: more luxury apartments, more false promises. In this city of poor and rich, we’re going to see the amount of new faces that are going to be out here homeless”

Rose hopes to break ground on the project late next year. The plans also include for 21,000-square-foot cultural center and a 2,800-square-foot commercial space. [NYO] — Claire Moses 

  • Larry Commercial Mortgage

    How brave these advocates are after the deal is signed….where are they to pick up and develop some of the other vacant lots out there? 60/40 is a great deal for community.

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